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Loan Processor in New York, NY

Loan Processor job description

Loan processors review, verify and prepare loan applications for approval. They serve as a liaison between borrowers, loan officers and underwriters to ensure all documentation is accurate, complete and compliant with regulatory standards. This role is essential for maintaining efficient loan operations and delivering a smooth customer experience.

Typical loan processor duties:

Review loan applications and supporting documentation for accuracy and completeness

Verify borrower information, including income, employment, credit and assets

Communicate with applicants to request missing information or clarify discrepancies

Prepare and submit loan files to underwriters for approval

Ensure compliance with lending regulations, company policies and investor guidelines

Coordinate with loan officers, underwriters, title companies and other third parties

Track loan statuses and provide timely updates to all stakeholders

Maintain organized records and documentation throughout the loan process

Looking for a loan processor or a loan processor job?

Request candidates now and a specialized recruiter will typically contact you within one business day to discuss your staffing needs and help you hire a loan processor.

Search loan processor openings and apply now or submit your resume to be considered for opportunities that match your experience.

Salary for Loan Processor in New York, NY

54941 - 81900

Low

54941

The candidate is new to the role or has limited experience and is still developing core skills.

Mid

65179

The candidate has moderate experience in the role or one similar, meets most requirements and may hold transferable skills or relevant certifications.

High

81900

The candidate has extensive experience in the role, demonstrates advanced skills and often brings specialized certifications or industry experience.

Projected salaries for related positions

Job title

Low

Mid

High

Operations Director

184275

223178

262763

Operations Manager

122850

153563

182569

Client Service Representative

77805

112613

144690

Mortgage Underwriter

84630

105105

140595

Mortgage Processor

46069

57671

78146

Loan Administrator

47775

55283

68591

Performance Analyst

82583

101351

125239

Trader/Sales Assistant

73369

90431

107494

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2027 Salary Guide Explore the latest data for roles in 7 professional fields and know what you should pay or earn in local and national markets.

Demand for Skilled Talent Check out our Demand for Skilled Talent report to learn about employers’ hiring plans and needs.

Labor market overview Stay on top of U.S. Bureau of Labor Statistics and job posting data to learn about today’s hiring market.

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What's inside the Salary Guide Learn how our salary benchmarks reflect accurate marketplace data through a rigorous, multistep verification process.

The salary benchmarks in the Salary Guide From Robert Half are the result of a rigorous, multistep process designed to reflect projected market trends for 2027. They are based on actual compensation for professionals Robert Half has placed nationwide, along with third-party job posting data from Textkernel that we use for independent validation. Learn more about our methodology.